I have written previously and at length about the need to focus on economic growth, but there is no more high-volume, self-assured advocate for any cause than New York Senator Chuck Schumer. In a breathtaking speech, Schumer argued that Democrats "blew the opportunity the American people gave them.” He continued “We took their mandate and put all our focus on the wrong problem -- health care reform.”
Fox Business References AAF Study on Administration’s Regulatory Agenda (November 25, 2014).
For the fifth consecutive edition, the administration rolled out its regulatory agenda during the holidays, this time, the Friday evening before Thanksgiving. An American Action Forum (AAF) review of the agenda found more than $100 billion in potential costs.
Every policy issue has its day in the sun or, perhaps, its grilling under the hot lights. Such is the fate of the Terrorism Risk Insurance Act (TRIA). TRIA was established in the aftermath of the terrorist attacks of September 11, 2001 to provide a financial backstop to commercial insurers offering insurance against terrorist risks.
In the ongoing Ebola outbreak, a preventative measure taken in Liberia provides a rare insight into why the U.S. health care system is so costly and inflexible.
A new video from the American Action Forum (@AAF) explains why regulators should not reclassify broadband under Title II of the Communications Act. Title II has been on the books since 1934 and regulates utilities, like water. As the video describes, “turning on your faucet today gives the same result as it did in 1934—water,” yet since 1995 the Internet has changed dramatically. The video concludes asking whether an 80-year old law can be trusted to regulate the quickly evolving technology.
The administration released its 2015 regulatory agenda. As has become habit, it appeared (when it appears at all) late — very late — on a Friday. The methodical burying of the Unified Agenda suggests that President Obama understands that his regulatory record is not an asset with the American people.
This week regulators added $221 million in regulatory costs. Annual burdens were $217 million, compared to $515 million in quantified benefits; agencies published more than 700,000 paperwork burden hours. A consumer safety rule for off-highway vehicles led the week.
In March, President Obama directed the Department of Labor to revise labor rules in order to expand the number of people eligible to receive overtime pay.
The Administration’s effort to expand overtime pay requirements for salaried workers would impact very few people and minimally affect those in poverty, according to new research from the American Action Forum (@AAF).